NightRide Thermal

NightRide Thermal

Growth Stage

Driven to Keep You Safe

Driven to Keep You Safe

Overview

Raised this Round: Raised: $340,390

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/11/2023

Close Date

10/11/2023

Min. Goal
$14,998
Max. Goal
$1,234,800
Min. Investment

$420

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.10

Pre-Money Valuation

$25,000,000

Year Founded

2023

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

HOUSTON, Texas

Business Type

Growth

NightRide Thermal, with a valuation of $25 million, is raising funds on StartEngine. The company makes self-installable and vehicle-mounted thermal cameras that keep drivers safe at night and in harsh weather. The cameras of NightRide Thermal offer high-resolution thermal imaging for commercial, professional, and consumer purposes and tame night-driving hazards. NightRide Thermal has sold 807 units and generated $2 million in sales in 2021 and 2022. Mary Ellen Kramer founded NightRide Thermal in March 2023. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,301,008

$672,059

COGS

$662,322

$338,347

Tax

$0

$0

 

 

Net Income

$-228,202

$-146,052

Summary Balance Sheet

FY 2022 FY 2021

Cash

$79,213

$72,894

Accounts Receivable

$46,892

$165,280

Total Assets

$442,908

$535,490

Short-Term Debt

$28,328

$203,645

Long-Term Debt

$1,486,334

$1,185,082

Total Liabilities

$1,514,662

$1,388,727

Financials as of: 06/11/2023
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NightRide Thermal on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,000,000
Price per Share: $2.10

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